Author: News Room

President Trump’s tariffs are likely to raise the costs of building renewable energy projects in the United States, analysts say, adding to the challenges of an already struggling industry.Generating equipment, like wind turbines, is often made with parts from many suppliers around the globe, and assembled in the United States. Tariffs are likely to increase the cost of each imported part.“A turbine consists of thousands of subcomponents,” said Endri Lico, an analyst at Wood Mackenzie, a consulting firm. Mr. Lico estimated that in 2023, the United States imported about $1.7 billion of wind-related components, mainly from Europe, Mexico, Vietnam and…

The Supreme Court handed a victory to the Food and Drug Administration on Wednesday, tossing out an appeals court decision that had found the agency acted unlawfully in rejecting applications from two manufacturers of flavored liquids used in e-cigarettes with names like Jimmy the Juice Man Peachy Strawberry, Signature Series Mom’s Pistachio and Suicide Bunny Mother’s Milk and Cookies.In a unanimous decision written by Justice Samuel A. Alito Jr., the justices left in place, for now, an F.D.A. order that prohibited retailers from marketing flavored tobacco products, sending the case back to the U.S. Court of Appeals for the Fifth…

President Trump has accused America’s trading partners of undermining the United States for decades, saying they have engaged in unfair trade practices to steal the country’s wealth and enrich their own economies.He has set his sights on not only adversaries like China, but also traditional allies like Canada and Europe. And he has complained about a number of factors, including high tariffs that other countries charge American products, and persistent trade deficits the United States has with foreign countries. Mr. Trump has promised to correct this situation on Wednesday, when he announces expansive tariffs on foreign products that he says…

In the escalating trade war with the United States, European officials are discussing imposing barriers on imports of U.S. services with a trade weapon that could allow the bloc to place restrictions on Big Tech and Wall Street.“We have the power to push back,” Ursula von der Leyen, the European Commission president, said this week.President Trump has already announced tariffs on aluminum, steel, cars and auto parts, moves that could seriously hobble the bloc’s shaky economy. Brussels has responded by announcing that it would reimpose levies on U.S. imports like Harley-Davidson motorcycles, whiskey and other goods, some of which were…

Until a few months ago, the Federal Reserve appeared close to achieving something that many doubted was possible. The economy looked on the cusp of a “soft landing,” a situation where inflation was headed back to the central bank’s 2 percent target without a recession. That put the central bank on track to steadily lower interest rates until borrowing costs reached a level that neither revved up growth nor slowed it down.President Trump’s global trade war has thrown a wrench in those plans. Facing extreme uncertainty about the economic outlook, the central bank has put further interest rate cuts on…

As the Trump administration advances a trade war with global consequences, the Kun Shoulder Rest factory in the Canadian capital does not immediately stand out as the front line.A family-owned business that operates out of a labyrinthine Victorian home in downtown Ottawa, Kun makes ergonomic shoulder rests used by violinists from New York to Berlin.“We’re operating in this rarefied world of mostly orchestral stringed instruments,” said Juliana Farha, 58, the company’s director. “If you play the violin, you know about it. And if you don’t, it’s just some weird widget that you’ve never heard of.”Yet that widget is among the…

As part of its marketing campaign for the Nintendo Switch 2, company executives on Wednesday announced new details about its next video game console, whose initial lineup will include fresh entries in popular franchises like Mario Kart.The Switch 2 will be released on June 5.The new console will include a microphone to chat with other players, screen-sharing and the option to add a separate camera for streaming. The service known as Game Chat will eventually require a subscription and include parental permission controls.Along with a bigger screen measuring 7.9 inches long with higher resolution, the Switch 2 will have the…

Tariffs in the Rose Garden Global markets are mostly lower ahead of President Trump’s big tariffs rollout today, but it’s not the tumult that has rocked stocks in recent weeks.S&P 500 futures are holding steady, in the red, as economists warn that Trump’s protectionist policies could set off a global trade war that slams growth and raises prices.Business leaders and policymakers are on tenterhooks over what the president might introduce this afternoon. As of yesterday, Trump’s team was still debating what the reciprocal tariffs would look like, Bloomberg reports.The big questions: Will they involve a blanket flat rate — say,…

Ever since the elite law firms Paul Weiss and Skadden reached deals with President Trump to scuttle executive orders that could have crippled their businesses, the firms’ top partners have closed ranks in support of the agreements.But there is discontent among the vast army of lawyers who may not have much sway in decision-making at the two firms but who do much of the work: their associates.Some of these young lawyers are saying both privately and openly that their leaders betrayed their firms’ principles with deals that could undermine a commitment to provide free legal work to public interest groups…

If there is anyplace Tesla should be thriving, it’s Norway. Electric vehicles account for more than 90 percent of new car sales in the Scandinavian country, and buyers here are among the most sophisticated in the world when it comes to understanding the nuances of batteries, charging and range.So it hardly bodes well for Tesla that its sales in Norway have declined more than 12 percent so far this year. Sales for the first three months of the year were even worse in Denmark, France, the Netherlands and Sweden. Analysts expect the downward trend to be reflected when the company…